§ 6-1003
163 words·~1 min read·
/md/economic-development/6-1003A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§6–1003.
(a)In this section, “revitalization area” has the meaning stated in § 6–301 of this title.
(b)For a qualified opportunity zone business that qualifies for a job creation tax credit under § 6–304 of this title:
(1)the Level 1 opportunity zone enhancement is equal to:
(i)$3,075 multiplied by the number of qualified employees working in a facility not located in a revitalization area; and
(ii)$5,125 multiplied by the number of qualified employees working in a facility located in a revitalization area; and
(2)the Level 2 opportunity zone enhancement is equal to:
(i)$3,300 multiplied by the number of qualified employees working in a facility not located in a revitalization area; and
(ii)$5,500 multiplied by the number of qualified employees working in a facility located in a revitalization area.
(c)The enhanced multiplier authorized under subsection
(b)of this section is in substitution for and not in addition to the multiplier under § 6–304(b)(1) of this title.